Showing 1 - 10 of 23
Using a spatial hedonic growth model, this paper empirically examines the relative roles of natural amenities and urban agglomeration economies as determinants of U.S. regional growth patterns from 2000 to 2010. Natural amenities and urban agglomeration are measured using the USDA Economic...
Persistent link: https://www.econbiz.de/10011112539
In this study, we examine the wealth effects of regulatory changes intended to improve corporate governance by protecting minority shareholders from expropriation by controlling shareholders. Using data from publicly traded Chinese firms, we find that these new regulations significantly...
Persistent link: https://www.econbiz.de/10011260290
This study investigates the existence of regional convergence of per capita outputs in China from 1952 …’s provincial real per capita outputs to examine the regional convergence in China. To obtain the p-values of unit root tests for … Carlo simulation. The results obtained from this study reveal that the convergence of the provincial per capita outputs …
Persistent link: https://www.econbiz.de/10005621418
We examine the wealth effects of three regulatory changes designed to improve minorityshareholder protection in the Chinese stock markets. Using the value of a firm’s related-party transactions as an inverse proxy for the quality of corporate governance, we find that firms with weaker...
Persistent link: https://www.econbiz.de/10005622187
Regional migration and growth are increasingly associated with high-quality in situ natural amenities. However, most of the previous U.S. research has focused on the natural amenities of the Mountain West or the South. The Great Lakes, with their abundant fresh water and natural amenities, would...
Persistent link: https://www.econbiz.de/10011109109
convergence in per capita income levels and that migration has a negative causal impact on regional growth rates. Although the …
Persistent link: https://www.econbiz.de/10005619903
convergence in per capita income levels and that migration has a negative causal impact on regional growth rates. Although the …
Persistent link: https://www.econbiz.de/10005621477
Does culture, and in particular religion, exert an independent causal effect on long-term economic growth, or do culture and religion merely reflect the latter? We explore this issue by studying the case of Protestantism in China during the late nineteenth and early twentieth centuries....
Persistent link: https://www.econbiz.de/10011258769
One of the greatest challenges China faces is how to reshape its heavily investment-driven mode of economic growth. By investigating how the rebalancing of Japan’s economic growth mode was realized in the 1970s, we indicate that it is essential in the rebalancing to correct the distortions in...
Persistent link: https://www.econbiz.de/10009226815
The media and policy makers often mention that China manipulates its real exchange rate (RER) in order to improve its exports and boost growth. This view, however, is not supported by the most prominent economic models, which do not predict a positive relationship between real undervaluation and...
Persistent link: https://www.econbiz.de/10011111788